
Hickman's Family Farms, one of the largest US egg producers, said bird flu has killed about 95% of its chickens in Arizona, roughly six million birds in about two weeks. The company cannot fill 100% of customer orders for the first time in 81 years and is cutting staff.
Losing about six million layers removes a large block of corn and soymeal demand from the Southwest feed market. Regional egg supply will be tight, which supports prices for eggs.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.